Collectors of sales tax would review the progress on the taxation measures taken in budget 2006-07, including collection of federal excise duty on financial services.
Sources said on Thursday that the collectors' conference would analyse the revenue achievement vis-à-vis targets for the first quarter of 2006-07. Sales tax collection was Rs 75.60 billion in July-September 2006-07 against Rs 62.98 billion in the same period last fiscal, indicating a growth of 20 percent.
Sales tax collection at the import stage was Rs 44.80 billion against Rs 39.02 billion, showing a growth of 14.8 percent, while sales tax collection on domestic consumption was Rs 30.80 billion against Rs 23.96 billion, showing an improvement of 28.6 percent.
The upcoming conference would review the refund claims pendency in zero-rated as well as other sectors. The regional tax officials would also discuss the audit of export-related refunds claims assigned to the chartered accountant firms.
The sources said that the second quarterly collectors conference would also finalise the Regional Tax Offices (RTOs) rollout plan, database cleansing and weeding out of old tax record. The conference would also discuss availability of importers/exporters data of Pakistan Customs Computerised System (PACCS) incorporated into the Sales Tax Automated Refund Repository (STARR) computer system and STREAMS (Sales Tax Risk Evaluation and Management System) for the payment of sales tax refund.
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